MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3.53 Million Position in NIO Inc. $NIO

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in NIO Inc. (NYSE:NIO - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 926,138 shares of the company's stock after selling 93,253 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NIO were worth $3,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in shares of NIO by 83.3% in the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after purchasing an additional 958,750 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of NIO by 96.6% during the first quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock worth $3,964,000 after buying an additional 510,610 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of NIO by 18.0% during the first quarter. American Century Companies Inc. now owns 702,772 shares of the company's stock worth $2,678,000 after buying an additional 107,239 shares in the last quarter. WMG Financial Advisors LLC lifted its holdings in shares of NIO by 5.6% during the first quarter. WMG Financial Advisors LLC now owns 402,796 shares of the company's stock worth $1,535,000 after buying an additional 21,261 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in shares of NIO by 2.7% during the first quarter. FNY Investment Advisers LLC now owns 149,300 shares of the company's stock worth $568,000 after buying an additional 3,870 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NIO has been the topic of several recent research reports. Wall Street Zen raised shares of NIO from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Bank of America raised their target price on shares of NIO from $5.00 to $7.10 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a report on Monday, July 14th. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and raised their price target for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. Finally, Mizuho upped their price objective on shares of NIO from $3.50 to $6.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $5.83.

NIO Stock Up 2.3%

Shares of NYSE NIO opened at $6.21 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 1.89. The company has a market cap of $12.96 billion, a price-to-earnings ratio of -3.88 and a beta of 1.20. NIO Inc. has a 12 month low of $3.02 and a 12 month high of $7.71. The stock has a 50-day moving average price of $5.09 and a two-hundred day moving average price of $4.32.

NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The firm's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.21) EPS. NIO has set its Q3 2025 guidance at EPS. As a group, analysts forecast that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.

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